« Federal Court Rules Unlicensed Pets are ‘Contraband’ — Police Can Legally Kill Them | US Sanctions on Venezuela’s PDVSA Would Wipe Out its Oil Revenues, Accelerate Default » |
Commonwealth Bank of Australia accused by the Australian Transaction Reports and Analysis Centre (AUSTRAC) of 53,700 violations of money laundering and counter-terrorism-financing laws, in which the financial institution failed to notify in a timely fashion — and, sometimes, not at all — transactions topping A$77 million, each breach of the act carries potential penalty of$18 million.